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Horizontal Directional Drilling Market to Expand at a CAGR of 8.7 % from 2021 to 2030

The global Horizontal Directional Drilling market size is expected to reach USD 18.6 billion by 2030 and is expected to expand at a CAGR of 8.7% from 2021 to 2030.

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Growth Factors

 The rising emphasis on minimizing the environmental impact of drilling and boring activities, rapid urbanization, and the inconvenience caused to the public due to the increased open-cut utility installations are some of the key factors driving the Horizontal Directional Drilling (HDD) market growth.

Rising concerns about the need to minimalize environmental damage caused by rapid infrastructure development across the globe worldwide are contributing significantly to the increased adoption of horizontal directional drilling. Growing utility installations, burgeoning investments in shale gas development projects, and rising expenditures aimed at various developments across the telecom sector to offer high-speed connectivity are some of the other factors contributing to market growth.

Report Coverage

Report Scope Details
Market Size USD 18.6 billion by 2030
Growth Rate CAGR of 8.7% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Machine type, Parts, Rig types, Rg sales, Application, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Nabors Industries Ltd.; The Toro Company; The Charles Machine Works, Inc.; Vermeer Corporation; Herrenknecht AG; XCMG

Report Highlights

 The Rotary Steerable System (RSS) segment dominated the HDD machines market in 2020 with a revenue share of over 70.08%. The RSS machine type uses push- and point-the-bit methods for accurate directional control of drilling and forms real-time corrections.

The rigs segment captured a revenue share of over 55.08% of the overall market in 2020. An increasing number of oil and gas and telecommunication industry projects are the main factors driving the demand for rigs.

The pipes segment is expected to register the highest CAGR over the forecast period. Industry players are increasingly investing in the development of drilling pipes that can withstand high underground pressure.

The midi rig segment accounted for around 40.08% of the revenue share in 2020. Midi rigs are utilized for medium-sized projects that require a pullback force of up to 40,000 pounds with a pipe diameter of up to 24-inches, length of up to 1000-feet, and depth of up to 75-feet.

Maxi rigs are utilized for directional drilling length of 6,000-feet and torque of around 20,000 pounds. The torque requirement increases while installing large diameter pipes over longer distances.

The aftermarket segment is expected to foresee the highest growth with a CAGR of around 4.8% during the forecast period. Previously used horizontal drilling rigs have emerged as the most prominent investments for end-users with limited funds.

The offshore segment is projected to foresee the highest growth with a CAGR of around 10.05% over the forecast period. Due to the vast untapped oil & gas reservoirs, exploration and production activities are anticipated to be carried out at a larger scale across the globe in the near future.

The oil and gas extraction segment dominated the market in 2020 with a revenue share of over 38.0%. According to a publication by Baker Hughes, the average worldwide oil and gas rig count till June 2021 was 1,325. The well-established infrastructure presents high demand for boring rigs and contributes to the high market share of the oil and gas extraction segment.

The Asia Pacific region is anticipated to register the highest CAGR of around 10.05% over the forecast period. The national energy infrastructure in China is focusing towards adoption of renewable energy sources for safe, sufficient, and clean energy growth.

Key Players

  • Nabors Industries Ltd.
  • The Toro Company
  • The Charles Machine Works, Inc.
  • Vermeer Corporation
  • Herrenknecht AG
  • XCMG

Market Segmentation

  • Machine Type
    • Conventional
    • Rotary Steerable System
  • Machines Parts
    • Rigs
      • Type
        • Mini
        • Midi
        • Maxi
      • Sales
        • New sales
        • Aftermarket
    • Pipes
    • Bits
    • Reamers
    • Others
  • Services Application
    • Onshore
    • Offshore
  • Services End-use
    • Oil & Gas Extraction
    • Utility
    • Telecommunication
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia-Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)
      • KSA
      • UAE
      • Kuwait

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Horizontal Directional Drilling Market, By Machine Type

7.1.  Horizontal Directional Drilling Market, by Machine Type, 2021-2030

7.1.1.    Conventional

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Rotary Steerable System

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Horizontal Directional Drilling Market, By Machines Parts

8.1.  Horizontal Directional Drilling Market, by Machines Parts, 2021-2030

8.1.1.    Rigs

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Pipes

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Bits

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Reamers

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Others

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Horizontal Directional Drilling Market, By Services Application

9.1.  Horizontal Directional Drilling Market, by End-use Application, 2021-2030

9.1.1.    Onshore

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Offshore

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Horizontal Directional Drilling Market, By End-use

10.1.        Horizontal Directional Drilling Market, by End-use, 2021-2030

10.1.1.  Oil & Gas Extraction

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Utility

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Telecommunication

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  Others

10.1.4.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Horizontal Directional Drilling Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Machine Type (2017-2030)

11.1.2.  Market Revenue and Forecast, by Machines Parts (2017-2030)

11.1.3.  Market Revenue and Forecast, by Services Application(2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Machine Type (2017-2030)

11.2.2.  Market Revenue and Forecast, by Machines Parts (2017-2030)

11.2.3.  Market Revenue and Forecast, by Services Application(2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Machine Type (2017-2030)

11.3.2.  Market Revenue and Forecast, by Machines Parts (2017-2030)

11.3.3.  Market Revenue and Forecast, by Services Application(2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Machine Type (2017-2030)

11.4.2.  Market Revenue and Forecast, by Machines Parts (2017-2030)

11.4.3.  Market Revenue and Forecast, by Services Application(2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Machine Type (2017-2030)

11.5.2.  Market Revenue and Forecast, by Machines Parts (2017-2030)

11.5.3.  Market Revenue and Forecast, by Services Application(2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Machine Type (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Machines Parts (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Services Application(2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              Nabors Industries Ltd.

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              The Toro Company

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              The Charles Machine Works, Inc.

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Vermeer Corporation

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Herrenknecht AG

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              XCMG

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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